BY THE NUMBERS
USD CBE auction (Tuesday, 24 May): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Tuesday, 24 May): 11.00 (compared with 10.95 on Thursday, 19 May, Reuters)
EGX30 (Tuesday): 7,497.33 (+1.08%)
Turnover: EGP 526.1 mn
EGX 30 year-to-date: +7.01%
THE MARKET ON TUESDAY: The EGX30 opened in the positive territory, where it traded throughout the session, eventually ending the day up 1.1%. Edita Food Industries, Pioneers Holding, and South Valley Cement were the benchmark index’s top-performing constituents. The worst-performing index members were United Arab Stevedoring, Credit Agricole-Egypt, and Elsewedy Electric. At a market turnover of EGP 526.1 mn, regional investors were the sole net sellers. Regionally, Saudi Arabia’s TASI closed up 0.8%, Dubai’s DFM General Index 1.0%, and Abu Dhabi’s ADX General Index 0.6%.
Foreigners:Net long | EGP + 12.1 mn
Regional:Net short | EGP – 16.0 mn
Domestic:Net long | EGP + 3.9 mn
Retail: 66.6% of total trades | 62.2% of buyers | 70.9% of sellers
Institutions: 33.4% of total trades | 37.8% of buyers | 29.1% of sellers
Foreign: 14.2% of total | 15.4% of buyers | 13.0% of sellers
Regional: 7.4% of total | 5.8% of buyers | 8.9% of sellers
Domestic: 78.4% of total | 78.8% of buyers | 78.1% of sellers
WTI: USD 49.1 (+2.12%)
Brent: USD 49.04 (+1.36%)
Gold: USD 1,229.20 / troy ounce (-1.78%)
TASI: 6,474.84 (+0.77%)
ADX: 4,222.16 (+0.56%)
DFM: 3,247.60 (+0.97%)
KSE Weighted Index: 356.08 (+0.40%)
QE: 9,664.85 (-0.17% )
MSM: 5,937.42 (-0.18%)